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North Carolina proposes a bill to invest in Bitcoin, aiming to enhance financial strategy, promote blockchain adoption, and position the state as a digital leader. North Carolina lawmakers have introduced a new bill that could allow the state to invest in Bitcoin. On Monday, Speaker of the House Destin Hall proposed the NC Digital Assets Investments Act. This bill intends to expand the state’s financial portfolio through investments in digital assets like Bitcoin. This bill has received support from Stephen Ross, Mark Brody, and Mike Schietzelt, who have sponsored the bill as well. Hall shared his opinions about this proposal through his X account. He mentioned filing HB 92 will allow investment on digital assets by the treasure of the North Carolina state. While referring to the hope of former President Trump to one day have a national Bitcoin reserve, Hall made it clear that this aligns with the steps taken towards achieving it. He further pointed out that the bill balances many aspects that control while ensuring technology innovation competitiveness for North Carolina. Hall explained how more and more entities across the USA are adopting blockchain technology. He believes investing in Bitcoin, for example, would serve a financial purpose for the state and place North Carolina at the helm of the border of digital innovation. He commended his colleagues who previously worked to build on this legislation for the efforts they made in fostering new changes. North Carolina Eyes Bitcoin as Part of Financial Strategy Dan Spuller the Head of Industry Affairs at Blockchain Association alongside being co-chair at the North Carolina Blockchain Initiative, expressed his commendation towards the bill. He pointed out the state’s historical advancement in policy innovation regarding digital assets, including legislation intended to foster blockchain development. He mentioned the 2016 Money Transmitters Act, the 2021…

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Filed under: News - @ February 11, 2025 3:20 pm